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Informist, Thursday, Mar. 27, 2025

By Anjali Lavania 

MUMBAI - Prices of mustard seed rose in Jaipur, while those of soybean were steady in Indore Thursday, traders said. Spot prices of groundnut in Gondal, Gujarat, were not available as the markets were closed, they said.  

MUSTARD seed prices in Jaipur rose by INR 100 to INR 6,200-INR 6,225 per 100 kg, a trader from Marudhar Trading Agency said. All-India mustard arrivals fell to 800,000 tonnes, according to the agency. Mustard arrivals across the country were around 1.33 million tonnes Wednesday. "A decline in arrivals on Thursday led to a slight increase in mustard prices," he said. Mustard prices may see improvement due to demand for pickles in summer season in the medium term. However, in the near term, higher arrivals will weigh on the oilseed's prices due to the ongoing harvest season, he said. 

"Government agencies will start mustard procurement in Rajasthan from Apr 10," said Mahesh Sameriya, a trader from the state. Procurement of the new mustard crop by government agencies has begun in Assam and Haryana, while it has to start in Chhattisgarh, Madhya Pradesh, Gujarat, and Uttar Pradesh, Sameriya added.

Mustard prices in Kota mandi were steady at INR 5,800 per 100 kg with arrivals increasing by 6,000 bags to 30,000 bags, Sameriya said. 

SOYBEAN prices in Indore, Madhya Pradesh, were steady at INR 3,800-INR 4,050 per 100 kg, with arrivals increasing by 1,000 bags to 3,500 bags (1 bag = 90 kg), said Narendra Porwal, a local trader. "Soybean prices have been under pressure due to abundant supply of the oilseed in most of the local markets and also due to poor demand for soymeal domestically and globally," he said. In the long term, Porwal expects prices to fall due to abundant soyoil imports as palm oil is becoming costlier. 

Soybean prices in Kota mandi were stable at INR 4,181 per 100 kg with arrivals increasing by 1,000 bags to 13,000 bgas, Porwal said.  

GROUNDNUT prices in Gondal, Gujarat, were unavailable as the market was closed, said Dilipbhai Ramani, a local trader. Most spot markets such as Rajkot, Gondal, Junagadh, and Saurashtra were closed, he said. Most mandis in Gujarat will remain shut for closing of accounts at the end of the financial year, he said. Markets will resume trade on Tuesday, he said. 

End

Edited by Vandana Hingorani

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